Jul 23, 2011 12:00pm PDT
britain, news corp. has made big business mistakes in america. it owns dow jones -- it bought at dow jones in 2007 and two years later it was worth $2.8 billion, less than their purchase price. myspace was bought for $580 million in 2005, sold for $35 million this year. but one of their largest shareholder still has huge confidence in the company. >> you have seen a business that has evolved, moving from newspapers and to other media, and moving more into a fee- based business model as opposed to advertising based. i think there is an awful lot of good steps that have been made, and i am very impressed overall with the company's success. >> rupert murdoch is back in america, more comfortable perhaps in a country where big investors still back him as the chief executive. >> here is a man, even though he is 80 years old, warren buffett is 80 years old and he is doing well, sumner redstone, and these are men with long track records of great success. to not want some of that wisdom in there, i think, would be a mistake. as will rogers said, good judgment comes from experience, and a lot
Jul 16, 2011 12:00pm PDT
of the same political role in america that he has played in britain. >> fox is a very conservative media outlet, it takes a conservative bent and sides with republicans routinely, against the democrats. i think there has been a lot of liberal anger at mr. murdoch over the years. i also think there have been liberal politicians, democrats, who have been more loath to criticize mr. murdoch in the past, or fox, for fear of having some of the kind of repercussions that british politicians were also afraid of. they do not become targets of fox news. >> in congress, concerns are growing, especially after the suggestion, still unsubstantiated, that news of the world journalists may have been hacking the phones of 9/11 victims. calls have been made to the department of justice and the securities and exchange commission to investigate the allegations. u.s. companies are banned from paying bribes to foreign officials. >> last week when the story broke, this became an interesting story to americans. we found it titillating, fascinating, but it was not necessarily penetrating the consciousness
Jul 3, 2011 8:00am EDT
economy. western commentators viewed the u.s. as a sort of place in peril britain was at the end of the 20 century. to discuss this, my colleague spoke to an economist, the author who left after taking part in protests in 1989, and a writer on risk in geopolitics. first, we take stock of how the land lies. >> the paramount fear -- the crowd is diverse the of all code come to take part in a production of a change their lives. they call it naturalization here. to you and me, that means becoming a u.s. citizen. cheesy, yes, to see one of the ceremonies is to grasp the essence of america. >> this is one of those only in america plummets. this is part of a living -- legal process. this is all wrapped into kind of a movie experience. it says, "i am honored to congratulate you on becoming a citizen of the united states. because of your determination, this great nation, is now your nation, sign, sincerely, barack obama." >> america is vexed by doubts, but that has not put them off. fresh blood is coming faster than ever before. >> the racism and everything you encounter, i don't feel that here.